The government is enjoying a capital gains tax ‘bonanza’ ahead of its
controversial CGT changes.
The CGT take will double between 2004/2005 and 2007/2008 to £4.6bn, according
to Wilkins Kennedy. The firm suggested the boost was due to soaoring share
prices and property prices in the last few years.
Controversial changes to the CGT regime by the government will bring in a
further £2bn by 2011, it added.
‘The government is enjoying a CGT bonanza right now, so the proposed changes
to the CGT regime, which will hit small investors and lower rate taxpayers
hardest and net a further £2 billion in CGT, seem doubly greedy,’ said Wilkins
Kennedy partner Roger Williams.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy